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DeFi Protocol Yearn Finance's Token Rises 7% Despite Market Plunge
3.3.2023
YFI has managed to fend off bearish market forces with a 7% move to the upside as investors attempt to capitalize on the upcoming roll out of liquid staking derivatives (LSD)
Japanese Sports Giant Mizuno Takes NFT Plunge with Judo, Running, Soccer Offerings
27.2.2023
The Japanese sports giant Mizuno has launched its first line of non-fungible tokens (NFTs) – becoming the latest sportswear titan to enter the field.
In a Mizuno press release, the firm explained that it had launched three sets of tokens – one for each of the sports it specializes in. The NFTs...
CoinShares Sees 2022 Income Plunge 97% to $3.6M
21.2.2023
CoinShares said it had GBP 26 million of its assets on FTX at the time the now bankrupt cryptocurrency exchange halted withdrawals
AI crypto coins plunge; Is this a good time to buy the dip?
13.2.2023
Artificial Intelligence will thrive in the technology sector and potentially revolutionize the crypto industry, accelerating the growth of new technologies, facilities, and social & financial networks that make transactions and transfers faster. Some of the AI crypto projects are performing...
Biggest Movers: SOL, ADA Plunge, as Market Momentum Turns Bearish
10.2.2023
Solana slipped to a three-week low on Feb.10, as momentum in cryptocurrency markets remained firmly bearish. At the time of writing this, the global market cap is trading 4.23% lower, with bears recapturing sentiment. Cardano was also on the decline, falling by as much as 8% today. Solana (SOL)...
Crypto Winter Led to 91% Plunge in VC and Other Investments for January
2.2.2023
A CoinDesk analysis shows crypto startups only raised $548 million last month, and FTX’s full impact on industry fundraising likely remains to be seen
Bitcoin Suffers Largest Daily Plunge Since November to Sink Below $22.6K as Fed Meeting Looms
31.1.2023
The largest cryptocurrency by market capitalization was recently down over 4.5% amid ongoing worries about inflation and the size of the next interest rate hike
Crypto, Equity, Metal Markets Plunge as Tech Earnings Disappoint and US Economic Weakness Deepens
25.1.2023
Equity markets began the day in the red following the latest corporate earnings reports from some of the world’s largest firms, including Microsoft. The tech giant’s recent conference call was considered disappointing, and earnings from firms such as Boeing, Texas Instruments, and...
Report: Confirmation of Silvergate’s $8 Billion Deposit Plunge Sees Stock Price Drop by More Than 40%
6.1.2023
The price of the crypto-focused bank Silvergate Capital’s shares fell by over 40% after it reported a more than $8 billion drop in customer deposits. The share price plunge came just days after U.S. prosecutors reportedly seized collapsed crypto exchange FTX’s accounts held at the bank....
Bitcoin Retakes $17K as Interest Rates Plunge Following Economic Reports
6.1.2023
Friday morning's reports on job and wage growth and the service industry gave hope that the Fed may further slow the pace of monetary tightening
TRON (TRX) price plunge may be on the horizon
8.12.2022
TRON is an open-source, decentralized protocol with a proof-of-stake consensus algorithm. TRX is a leading altcoin offering the TRON network convenience and flexibility. At the time of writing this post, TRX/USD is trading around $0.053. Candlesticks are forming in the baseline of the Bollinger...
FTX Binance Fallout: Bitdao Community Asks Alameda Research to Respond to Token Dump Allegations
8.11.2022
After the Bitdao token’s quickfire plunge on Nov. 7, members of the Bitdao community have asked Alameda Research to address rumors the principal trading platform has dumped Bitdao’s BIT tokens. The dump, if confirmed, would be a breach of a swap agreement between the two entities which...
Market Wrap: Solana Plunge Highlights Major Cryptos’ Day in the Red
7.11.2022
The native token of the Solana protocol recently fell over 6%; bitcoin and ether dropped more modestly as investors await the midterm elections and latest inflation data. Market Wrap is CoinDesk’s daily newsletter diving into what happened in today's crypto markets
FTX Token price risks 30% plunge as a 23M FTT 'part' moves to Binance
7.11.2022
Alameda Research reportedly obtained $2.2 billion worth of loans using FTT as collateral, a token created by cryptocurrency exchange FTX
$1B Crypto Hack Fears Spur 20% GALA Plunge, But Firm Implies It Attacked Itself as a Safeguard
4.11.2022
Routing protocol pNetwork said it's working with Gala on a "misconfiguration" and that "all GALA tokens on Ethereum as well as the underlying bridge collateral are SAFE."
Bitcoin Miner Argo's $27M Fundraise Falls Through; Shares Plunge
31.10.2022
Argo Blockchain's plan to raise $27 million from a strategic investor has fallen through, the company said
Troubled Bitcoin Miner Core Scientific's Shares Continue to Plunge on Bankruptcy Risk
28.10.2022
Shares of bitcoin miner Core Scientific (CORZ) fell another 14% Friday after a rough week amid financial woes and analyst downgrades
Dogecoin, Cardano Weigh on Crypto Majors After US Tech Stocks Plunge
28.10.2022
Shares of big tech companies slid on Wednesday and Thursday following dismal earnings reports
Report: Ghanaian Cedi Slides Further Versus the US Dollar to Become World’s Worst-Performing Currency
24.10.2022
As Ghana waits for a financial bailout from the International Monetary Fund (IMF), the country’s currency continued its slide versus the dollar after the respective currencies’ exchange rate slipped to just under C15:$1. Following this latest plunge, the cedi has now depreciated by more...
Will ETH price crash to $750? Ethereum daily active addresses plunge to 4-month lows
21.10.2022
The drop in Ethereum’s daily active addresses comes as ETH price flatlines, raising fears about a potential drop ahead